CUNY Graduate Center RSS Feedshttp://www.gc.cuny.eduCopyright 2015 CUNY Graduate Center. All rights reserved.Branko Milanovic on Time.com<p>News Release Date: 07/30/2015</p><img alt="Press Coverage" src="~/CUNY_GC/media/CUNY-Graduate-Center/Images/Communications%20and%20Marketing/GC_Press_Coverage_web_470px.gif" /><br />
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<a href="http://time.com/money/3978055/richest-people-of-all-time-methodology/" target="_blank">How to Compare Fortunes Across History</a></h3>
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<em>Time.com, &ldquo;Everyday Money,&rdquo; 7.29.15</em><br />
Branko Milanovic, a Graduate Center, CUNY economics professor specializing in inequality, estimates that pre-modern societies dating from the Roman Empire to British India in 1947, were able to extract nearly 76% of the maximum amount of wealth that could be taken before their people would slip below subsistence levels. Modern nations, measured from 1998 through 2002, extracted a comparatively small 43% of that limit. For this reason, the most accurate list of the richest people to ever live (based on economic power) would likely include almost exclusively pre-modern rulers.</p>
http://www.gc.cuny.edu/News/News/Detail?id=319163248How to Compare Fortunes Across History<br />
Time.com, &ldquo;Everyday Money,&rdquo; 7.29.1531916